If your company has an annual turnover of £6.5 million or more, then you are required by law to have your accounts audited. We are registered to carry on audit work by the Institute of Chartered Accountants in England and Wales. So, if your turnover doesn’t exceed the £6.5 million threshold, you might also consider an audit:
• To help raise finance from financial institutions.
• It is good practice and an excellent way of making sure the business is running efficiently.
• To satisfy third parties who have an interest in your business such as shareholders, industry specific reasons, non-executive directors etc.